Mizuho Securities USA LLC Has $108.49 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mizuho Securities USA LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 1,238.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 603,887 shares of the business services provider’s stock after purchasing an additional 558,774 shares during the quarter. Mizuho Securities USA LLC’s holdings in Fiserv were worth $108,488,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Fiserv in the second quarter valued at $31,000. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.0 %

NYSE:FI opened at $210.92 on Friday. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The firm’s fifty day moving average is $191.36 and its 200-day moving average is $168.43. The firm has a market cap of $120.00 billion, a P/E ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company posted $1.96 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FI shares. Morgan Stanley upped their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. B. Riley raised their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. KeyCorp lifted their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,711 shares of company stock worth $47,477,232. Company insiders own 0.75% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.